Record of Goods
Even though there are some goods which are either Zero-rated or Exempted from VAT, you must keep a detailed stock account of the goods on which you are reclaiming VAT. Your records must show:
- a description and quantities of goods you bought and the dates you bought them
- when you have used any of the goods you bought to make other goods
- when you have disposed of any of these goods after you were registered for VAT
